PFA
Income derived from building was being applied for charitable purpose is to be clearly proved to avail building tax exemption- SCby CA Sandeep Kanoi |
S.H. Medical Centre Hospital vs State of Kerala & ors (2014) 11 SCC 381 The Supreme Court was considering an issue as to whether income derived from a building can be said to be used for charitable purpose by running of a free medical aid to the needy and poor in the context of tax […]
PFA
Breach Candy Hospital Trust Vs. CCIT (2010) 192 TAXMAN 98 (Bom)by CA Sandeep Kanoi |
The Division Bench in the facts of the case had held that there was absence of any material to show that generally there was a profit in the hospital activities of the petitioner therein. In this context, it was held that it cannot be said that the petitioner did not exist solely for philanthropic purpose […]
PFA
Aditanar Educational Institution vs Addl.Commissioner of Income Tax (1997) 3 SCC 346by CA Sandeep Kanoi |
Dismissing the appeal filled by the Revenue and the cross appeal of the assessee, this Court HELD : 1.1. An educational society or Trust or other similar body running an educational institution solely for educational purposes and not for purposes of profits could be regarded as `other educational institution' coming within Section 10(22) of the […]
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